ANP: Bioediesel Auction negotiated 1.18 bi litres with 25% lower price

The 77th ANP biodiesel auction registered the negotiation of around 1.18 billion litres, with an average negotiation price of R$4.425 ($0.88) per litre. The agency said in a statement that the entire volume negotiated was for voluntary blending of diesel and that the final value of the trading session represented an average discount of 25.15%, compared to the average of the maximum regional reference prices R$5.912 per litre ($1.18).

Source: Money Times